NanoSun flares with $3.1m

Mar 20, 2015 •

NTU spin-out NanoSun snaps up $3.1m deal with Chinese state on water treatment.

NanoSun, a wastewater treatment spin-out of Singapore’s Nanyang Technological University (NTU), has landed a S$4.3m ($3.1m) deal with China Commerce Group for International Economic Cooperation (CCIEC), a commercial arm of the Chinese state.

Under the terms of the deal, NanoSun will deploy its water treatment services for industrial wastewater generated in the 20 square kilometre Qingdao National High-Tech Industrial Development Zone. CCIEC now holds a 51% stake in the firm, and will oversee NanoSun’s board and provide funding while NanoSun…

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